Page 3 Advertisements Column 6

Gisborne Times, Volume XXVI, Issue 2167, 16 April 1908, Page 3

DO NOT THROW CHANCES AWAY. JF YOU Dl SIRE AN INVESTMENT WHICH IS HONEST, SAFE, AND prof TABLE FOR EITHER FARMERS, PROFESSIONAL MEN. TRADESMEN, OR WORKING MEN W. GLA¥T®N CAN FIND IT FOR YOU. 'CHEEP RUNS OR rfTOWN T> ROPERTIES. GROUND gHARF JNVESTMENTS. A OO OOIDENT OR jpIRE JjNSURANCE.

Great Nuisance. JUST LANDED LARGE STOCK OF NEW SEASON’S TWEEba. Great Public Effort IS NEEDED TO REMOVE SAME FEOAI ADOLF ZAGHARIAH, . GASH TAILOR. CLAIM TO HAVE ESTABLISHED A REPUTATION FOR GOOD WORK, HONEST VALUE, AND STRAIGHT DEALING, WE WON’T STOP THERE, BUT ARE DETERMINED T 0 J JVR LP T 0 OXJR REPTJTA ' TION, AND PROSPECTIVE CLIENTS NEED HAVE NO HESITATION IN PUTTING US TO THE TEST AND PROVE THAT ...... WE GROW CONTINUALLY IN THE PUBLIC ESTIMATION. HE GRUNDY 4ND SHENNAN CABINETMAKERS AND UPHOLSTERERS. GISB ORNE. AGENTS FOR THE FAMOUS “WHITE” SEWING MACHINE. Telephone No. 288. JgEST gTANDS rgTHE TjT EST. WHILE

PROSPECTUS OF 1. Directors:— ERNEST 'GRUNDY, of Gisborne, Cabinetmaker, Managing Director GEORGE VINCENT SHENNAN, of Gisborne, Upholsterer, Managing Director , „ r , FRANCIS STAFFORD, of Gisborne, Timber Merchant JOHN JOSEPH ROSSBOTHAM, of Gisborne Tailor CHARLES DANIEL MALCOLM ROSIE, of Gisborne, Draper ROBERT ROBERTSON, of Gisborne, Clothier THOMAS CORSON, "JSS'sISkTARY : - C. G. PIESSE, Public Accountant, Adair’s Buildings, Gisborne. 2 The objects and powers of the Company are set out in the Memorandum of Association, a copy of which can be obtained from the Secretary. 3. The Capital of the Company is £5,000, divided into 5,000 shares of £1 each. ' 4 'Of the above-mentioned shares 1,800 shares, representing 1,800 of the Company’s nominal capital, are to be issued and credited as paid up m full in part consideration of the sale to the Company, particulars of which are’oiven in paragraph No. 6 hereof; such further shares as may be necessarvto satisfy the balance of consideration for such sale as may lie found to be due shall be issued and credited as lully paid up on the ascertainment of such consideration as provided in such contract of sale. A further 2,000 shares are now offered to the public for subscription, to be paid as Five shillings per share on application - * Five shillings per share on allotment, And the balance by calls of 5s per share at periods of not less than three months’ interval. 5. The minimum subscription on which the Directors may proceed to allotment is 1,000 shares. 6. This Company has been formed for the following purposes Q) To acquire and carry on the business of Messrs Grundy and Shennan, of Gisborne, Cabinet-makers, Upholsterers, Carpet Salesmen, and Furniture Warehousemen. (21 To acquire and undertake the whole on any part ol the business, Goodwill, assets, property, rights, or undertaking of any pei>on, firm, or company carrying on or having power to carry on any business as Cabinetmakers, Upholsterers, Carpet Salesmen, Furniture Warehousemen, or the like, which this Company has power to carry on under its Memorandum of Association. (3) And, as set out in the Memorandum of Association, a copy whereof forms part of this Prospectus. 7 The names and addresses of the Vendors of the said; business of Grundy and Shennan, being the property now proposed to be purchased or acquired by the Company, are: ERNEST GRUNDY, of Whataupoko, Cabinetmaker ■ GEORGE VINCENT SHENNAN, ot Gisborne, Upholsterer, 8. The amount to be paid to the said Ernest Grundy and George _Vincent Shennan, as such Vendors, is the sum of £3OO for the goodwill of the said business and the leasehold property of Messrs Grundy and Shennan, to be paid in 300 fully paid-up shares m the said Company, and a further sum representing the stocmin-trade, plant, book debts, and .f urniture belonging to the said firm of Grundy and Shennan, to bo ascertained by a valuation to be made as at the date when the Company shall be entitled to commence business, is to bo paid, to the said Ernest Grundy and George Vincent Shennan for such stock-in-trade, plant, book. debts, and , furniture. Such consideration shall bo paid to the Vendors m the following proporimmelv • For the goodwill, leasehold properties, stock-m-trado, plant, furniture, and book debts, as at the 30th day of Juno, 1907, m the proportion of twenty-two forty-sevenths to the said Ernest Grundy, and twenty-five forty-sevenths to. the said George Vincent Shennan, and for ■mv increased value in the said business since the said 30th day of June, 1007 up to the date when the Company is entitled to commence business, in the proportion of three-fifths to the said Ernest Grundy and two-fifths to the said George Vincent Shennan. o The preliminary expenses of and incidental to the formation and l li-i,Em Company and until tho Company shall bo entitled are estimated to amount to £SO, and will be borne by tho Company. in Tim Company has agreed to pay a commission at the rate of £5 p...XiLiwi' tot. of 200 or under, end £2j par cent on all shares subscribed m lots ot more than 200. ii Air Ernest Grundy and Mr. George Vincent Shennan, Managing Directors, are interested in tho promo tion of and in the property proposed to bo acquired by the Company, to tho extent only of . their interests as Vendors under the contract, particulars of which are given an Clause 8 hereof. l‘> A Director’s qualification shall bo 50 shares. The Directors shall ho paid out of tho funds of tho Company, by way of remuneration for their services, such sum or sums as tho Company may from time to tune fix •,l -j General meeting, and such remuneration shall be divided amongst them in siuii proportion and manner as the Directors may determine. V) '!!••• ■•■ lock-sheets and balance-sheet of Messrs Grundy and Sherman, ' (1| ii,,. Memorandum and Articles of Association of the Company, and il the O.i.iraH; referred to in Paragraphs No. 6 hereof, can be inspected at the oiiiOu of Messrs Ghrisp and Coleman, the Company’s Solicitors, Lowe Street, Gisborne, during business hours. shares 1 may bo obtained at the office of Mr. C. G. Piesso, Adair’s Buildings, Lowe Street. 15. This Prospectus has been duly filed with the Registrar of Joint StocJ Companies. Dated the sixteenth day of March, 1908. wilN-WST GRUNDY CHARGES DANIEL -MALCOLM ROSIE ■VSHENNtN ROBERT ROBERTSON FRANCIS STAFFORD TIIOS. CORSON J. ROSSBOTHAM Witness to Signatures—C. G. PIESSE, Account, Gisborne.